KARACHI: The State Bank of Pakistan (SBP) has announced that it has eased performance requirement for hand-knotted carpets against loans obtained under Part-II of the Export Finance Scheme (EFS) during fiscal year 2010-11. In a circular issued on Thursday, SBP said the required performance for financing facilities during 2010-11 had been fixed at 1.5 times of financing availed instead of existing performance requirement of two times for hand-knotted carpets.
Published in The Express Tribune, July 1st, 2011.
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It is a good move and such incentives may also be extended to other sectors like leather garments, handicrafts .